I have given 2 months notice to my existing landlord and must be out of my rented property in Blackburn by the end of next month. Conveyancing for my house purchase is underway. Is it possible to complete in a couple of weeks as don't want to have to find temporary accommodation?
It is unwise to serve notice on a rental unless you have exchanged. Assuming that you have not previously done so, speak to your solicitor and request that they apply pressure on the other solicitors, try to get a realistic time scale from them that everyone will work towards
I am purchasing my first flat in Blackburn with the aid of help to buy. The sellers would not budge the amount so I negotiated 6k of fixtures and fittings instead. The sale representative suggested that I not reveal to my conveyancer about this extras as it would adversely affect my loan with Barnsley Building Society. Should I keep quiet?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
I am looking for a ground for flat up to £235,500 and identified one close by in Blackburn I like with amenity areas and transport links nearby, the downside is that it's only got 51 years unexpired on the lease. I can't really find anything else in Blackburn for this price, so just wondered if I would be making a mistake purchasing a lease with such few years left?
Should you need a home loan that many years will likely be an issue. Reduce the price by the amount the lease extension will cost if it has not already been discounted. If the current proprietor has owned the property for at least twenty four months you could ask them to start the process of the extension and then assign it to you. An additional ninety years can be extended on to the existing lease term and have £0 ground rent by law. You should consult your conveyancing lawyer concerning this.
I am using a search engine for the words cheap conveyancing in Blackburn it shows results of numerous conveyancerslocally. With so much choice what is the best way to find the suitable conveyancing solicitor for purchase transaction?
The ideal method of finding a suitable conveyancer is via personal testimonial, so ask colleagues and relatives who have bought a property in Blackburn or a local estate agent or mortgage broker. Fees for conveyancing in Blackburn vary, so it's sensible to request at least four fee estimates from varying types of conveyancers. Dont forget to clarify that the charges are guaranteed not to to be inflated.
Back In 2003, I bought a leasehold flat in Blackburn. Conveyancing and The Royal Bank of Scotland mortgage organised. I have received a letter from someone claiming to own the freehold. Attached was a ground rent demand for rent dating back to 1996. The conveyancing solicitor in Blackburn who acted for me is not around. Do I pay?
First make enquiries of HMLR to be sure that this person is indeed the new freeholder. You do not need to incur the fees of a Blackburn conveyancing practitioner to do this as it can be done on-line for less than a fiver. Rest assured that regardless, even if this is the legitimate landlord, under the Limitation Act 1980 no more than 6 years of rent can be collected.
I acquired a 1 bedroom flat in Blackburn, conveyancing having been completed in 1996. Can you work out an approximate cost of a lease extension? Equivalent properties in Blackburn with a long lease are worth £195,000. The ground rent is £45 charged once a year. The lease ends on 21st October 2089
With 63 years remaining on your lease we estimate the price of your lease extension to be between £16,200 and £18,600 plus professional fees.
The suggested premium range above a general guide to costs for extending a lease, but we are not able to provide a more accurate figure in the absence of detailed investigations. You should not use the figures in tribunal or court proceedings. There may be additional issues that need to be taken into account and clearly you should be as accurate as possible in your negotiations. You should not move forward based on this information without first getting professional advice.
What tools are available to search for a Blackburn conveyancing solicitor on the bank conveyancing panel? I have a car and am prepared to travel up to 20miles to attend the conveyancer.
Feel free to make use of the find a conveyancing panel search on this page. Please choose the lender and your location, in this case Blackburn and you will see a number of lawyer located nearest Blackburn. Alternatively you can type in the name of your proposed law firm and see if they are listed as being on the mortgage company solicitor panel.